Key facts
- South Korea's Financial Services Commission (FSC) is considering additional measures to cool the single-stock leveraged ETF market.
- The FSC has already implemented measures like increased minimum cash deposit requirements.
- A proposed measure includes capping investment in leveraged ETFs at 20% or less of an individual's total financial portfolio.
- These actions aim to stabilize the market and protect investors amid heightened volatility.
The chief financial regulator in South Korea indicated that his agency is contemplating further actions to temper the market for single-stock leveraged exchange-traded funds (ETFs). Lee Eog-weon, chairman of the Financial Services Commission (FSC), stated that the agency will review additional measures to dampen demand for these products, which have been identified as a factor contributing to recent market instability.
Earlier, the FSC had already introduced a set of measures, including an increase in the minimum cash deposit required for investing in single-stock leveraged ETFs. The implementation of this deposit requirement was accelerated by several weeks to aid in market stabilization and investor protection during a period of heightened volatility.
